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Suppose that the production function is given by Y=AK 0.3 N 0.7 and K=71, N=71, A=10. What is the marginal product of labor? A.0 B.7
Suppose that the production function is given by Y=AK0.3N0.7and K=71, N=71, A=10. What is the marginal product of labor?
A.0
B.7
C.10
D.14
E.71
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